Nikkei edges up to 1-month high as chip stocks rally [Reuters]
TOKYO ELECTRON UNSP/ADR (TOELY)
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Source: Reuters
Nikkei edges up to 1-month high as chip stocks rally | Reuters 3 Min Read * Foreigners net buyers of Japan cash stocks in April for past 18 years - analyst * Tokyo Electron, Sumco soar on SOX index’s rise * Japan Display jumps By Ayai Tomisawa TOKYO, April 4 (Reuters) - Japan’s Nikkei edged up to a one-month high on Thursday as chip-related stocks gained ground in line with their U.S. counterparts rose overnight, while optimism over U.S-China trade talks continued to support sentiment. The Nikkei share average rose 0.3 percent to 21,787.60 in midmorning trade, the highest level since March 5. Chip equipment makers and silicon products makers, which rely heavily on Chinese demand, staged a rally. Tokyo Electron gained 2.7 percent, Advantest Corp soared 3.4 percent and Sumco Corp jumped 5.1 percent. On Wednesday, the Philadelphia Semiconductor index surged 2.3 percent. “Investors took heart from strong American shares, but this is also part of a spring rally as the new fiscal year began
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